"The Corporation has decided to offer a voluntary retirement scheme, with a view to enable employees who are not in a position to continue in service of the Corporation due to various personal reasons, to request for grant of voluntary retirement from the services of the Corporation," Bharat Petroleum Corp Ltd (BPCL) said in an internal notice to its employees.
The US district court of Northern California on Monday allowed two former employees of I-T giant Tata Consultancy Services Ltd to proceed with a class action lawsuit against their former company over wage dispute and breach of contract.
DHFL has been generating funds through various means and has exited from its subsidiary units to tide over the current financial crunch.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Also, a dedicated cell, headed by a member of the Central Board for Direct Taxes (CBDT), will be set up to address concerns faced by start-ups.
Much of this has been made possible by the owners's insistence on building a team, rather than banking on a collection of talented individuals not necessarily suited to play alongside one another.
Rahul 'Richard' Verma has become the second high-ranking Indian-American official in the Obama administration to resign and return to the private sector.
She will replace US Supreme Court Judge Justice Brett Kavanaugh who was nominated by President Donald Trump for the top post.
Venture capital investments grew at a rapid pace across the US in the April-June quarter of 2011, surging by 19 per cent to $7.5 billion, says a new report.
They have been on an unbroken selling streak since the Union Budget, spooked by increase in income-tax surcharge, taxes on buybacks, and lack of stimulus to prop up the economy.
Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
The revenue collection in the same month a year ago stood at Rs 94,442 crore.
In an offline chat, mind/life coach, NLP trainer and Mental Health Guru Anu Krishna encourages Rediff.com readers to talk about their problems and offers solutions.
Realty major DLF's promoter Pia Singh on Tuesday picked up more than 1 crore shares of the company for Rs 194 crore from another promoter entity.
It is only a matter of time before India and China sign a bilateral trade pact, as there is too much at stake for the Asian giants to ignore each other, according to a Singapore-based advocate and solicitor.
The scheme offers waiver of interest, penalty, and prosecution for settling tax disputes.
The venture capital industry is optimistic about renewed investments this year, with focus shifting primarily to the green technology sector, a survey by global consultancy KPMG LLP said.
Tech sectors, including start-ups and IT & ITeS, witnessed the highest consolidation, capturing over 40 per cent of volumes
A key Congressional committee has confirmed the nomination of an Indian American counsel to the key post of US District Court judge for Washington, DC.
Ponda is currently director of the firm's tax department, which is among the six finalist law firms nationwide for Chambers USA Awards for Excellence 2010 in Taxation Law.
Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
She will replace controversial Brett Kavanaugh who endured a bitter confirmation battle last year after President Donald Trump named him to the US Supreme Court.
Ankur Singla's Akosha is an Internet-based company that helps people tackle consumer complaints, draft rental agreements and wills, etc.. all from the comfort of their homes.
The Stayzilla episode raises questions over the regulations around the closure of a business, says Sudipto Dey.
Usually, the Income Tax Department notifies the ITR forms in the first week of April of the relevant assessment year. However, in contrast to the old practice, it has notified two ITR forms ITR-1 and ITR-4 for the assessment year 2020-21 in the first week of January.
President Barack Obama has nominated Rahul 'Richard' Verma, currently a partner with the top-notch international law firm in Washington,DC -- Steptoe & Johnson LLP -- as Assistant Secretary of State for Legislative Affairs, and sources told Rediff India Abroad that considering that he has been a much respected Congressional staffer, his confirmation process before the Senate Foreign Relations Committee in the coming weeks would be a shoo-in.
A law firm, Izard Nobel LLP, has initiated a lawsuit seeking class action status against the company in the United States District Court for the Eastern District of Michigan on behalf of its investors. The law firm said certain officers and directors of Caraco violated federal securities' laws and interests of the investors by giving misleading information on the business of the company. It has asked the investors to join the suit before September 15 to claim their damages.
'There are a lot of companies that have been struggling really hard expecting to do better year after year.' 'All these people will think now, "Let me not fight any more. Let me end this".'
As a board member, he will help USIBC provide strategic direction to US and Indian firms seeking bilateral investment opportunities and partnerships.
Liverpool's parent company, owned by Americans Tom Hicks and George Gillett, made a loss of 42.6 million pounds last year mainly due to interest payments to service the debt taken out to buy the club.
This would make him the highest-ranking Indian American ever in the US Department of State. Over a month ago, Verma was appointed as one of the leads of the Agency Review Team overseeing the US Department of Defence for President-elect Barack Obama's Transition.
Rahul 'Richard'Verma, a partner with the top-notch international law firm in Washington, DC -- Steptoe & Johnson LLP -- who, until recently was the highest-ranking Indian American Congressional aide on Capitol Hill, has been appointed to the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism.
'Where will industry have funds when they open up?'
Rahul 'Richard' Verma has been appointed to the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism. Verma, a partner with the international law firm Steptoe & Johnson LLP, based in Washington, DC, was until recently the high-ranking Indian-American Congressional aide on Capitol Hill.
'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
The suit was filed on behalf of purchasers of Satyam's ADRs between January 6, 2004 through January 6, 2009. Price Waterhouse, the Indian unit of the global audit major, has been maintaining that it followed all the standard accounting principles while auditing the books of Satyam Computers. However, it also said that its auditing on Satyam could be construed invalid if the statements made by Raju in his admission letter on January 7 about the fraud were correct.
Born to Zerin Rao anchooling fd Jehangir Narioshang Rao, both Parsi physicians from India, Rao grew up in Michigan and did her srom Detroit High School. She is married to Alan Lefkowitz and the couple has two children.
Asked about the specific damages sought in the lawsuit, law firm Vianale & Vianale LLP's counsel Keneth J Vianale said that the sum duped could be in hundreds of millions of dollars. After the scandal was revealed, trading in Satyam shares was halted by the NYSE on January 7 and the stock exchange has said that it is assessing whether the firm deserves to stay on the bourses.
Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.
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